High price of crude oil, touching nearly $150 a barrel, has alarmed every nation across the world but the ones producing. Is it really the excess usage of non-renewable source of energy causing its depletion or a mere speculation using the threat of depleting resources for their ulterior motives? Really hard to say, but i tend to go with the latter.
We know, for ages, that western countries have higher energy usage per person. USA consumed 340.5 million Btu of primary energy per capita in 2005, which was roughly the same in 1980 (343 mBtu). Interesting to note is the rise in per capita energy consumption of Saudi Arabia, U.A.E., and China. The middle eastern countries have a very high per capita consumption, probably needed for the continuously running air conditioners. Saudi Arabia’s consumption has increased from 166.3 mBtu in 1980 to 252 mBtu in 2005, an 85% increase. U.A.E has increased its consumption from 267.2 to 563.6 mBtu, a whooping 110% increase!
In South-East Asia, China has topped India by a significant margin. From 17.8 mBtu to 51.4 mBtu in China as against 5.9mBtu to 14.8 mBtu in India. Though the percentage increase of India is high, the per capita consumption is minuscule when compared to western, middle eastern or Chinese counter parts. Per capita consumption of oil, barrel per person per year is 2.18 for India, one of the lowest in the world (world avg: 12.52) whereas it is 78 in Saudi Arabia.
These are the stats in 2005. The increase by 2010 or 2015 would be phenomenally more for reasons obvious below. Why has the consumption in middle eastern countries increased so much over the years? I’d say because of whimsical spending.
Nearly 25% of the construction cranes in the world are in Dubai. Wonder why? Two of the world’s largest sky scrapers, one under construction, Burj Dubai, and other, Al Burj, in proposal, are coming up in Dubai along with numerous other multi-billion dollar infrastructure projects. Artificial Palm islands, three man-made islands in Dubai, is the largest land reclamation projects in the world, and would be the world’s largest artificial islands. Besides this, there are several other highly ambitious projects to shell out billions of dollars like Hydropolis – world’s first underwater luxury resort, The World islands – artificial islands shaped like world map, and Dubailand – under-construction entertainment complex bettering Orlando’s Disney world. There are several high rise super luxury residential properties, and malls coming up along with Dubai Metro system, and world’s largest international airport.
The construction of transportation network, good shopping malls, and residential properties are, no doubt, ‘necessities’ of prosperous nations but projects like Ski Dubai, to ski in desert, is a whimsical idea, i would say, to splurge money made by selling oil to other countries. So are the projects like Al Burj, Palm islands, and Hydropolis. I remember another project to grow corals in the unnatural corrosive habitat in the coast of gulf by modifying the sea to assist coral growth. What next? May be they want to have Alps or Mount Everest artificially made!
About 80% of the world’s readily accessible reserves are located in the Middle East with 62.5% coming from 5 Arab countries: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. Such huge spending can result in ever increasing price of oil as they have no other source of income. The concept of income tax does not exist as they are already making too much money by selling oil.
Supposedly there are more construction workers than citizens in UAE! What will happen to these people once these projects are completed in, say, another 10 years? Thousands of civil engineers, electrical engineers, and laborers would be jobless. Some of them might settle with hospitality sector for running and maintenance of these super luxury palaces of the rich, but the fate of rest is scary. Most of the workers are from developing countries like India. They would promptly be sent back home, and the unemployment would be rampant along with sky-rocketing fuel price.
The current increase of fuel price is funding these crazy spending spree of some of the oil rich countries. The effects of the completion of these projects would be felt all over the world, the cost of maintenance of these would sky-rocket the already high oil prices. Global warming might not reduce if the non-producing nations limit their usage when these oil rich nations are blowing up non-renewable energy sources for maintaining snow in desert or having underwater resort!
Source: EIA (Energy Information Administration) – Official energy statistics from the U.S. government for statistics on per capita primary energy consumption.
P.S.: I’m back!
*Drumrolls* annnddd Sandeep is back!! :D Ok this is in reciprocation of Nova’s post. Good one especially with data n all.
@San – Welcome back! Super electroblast post! I am nothing to say in negation I concur completely. I still haven’t read Nova’s view on prive hike, I am gonna do that in a minute. Btw, I am paying $4.07/gallon and I hate it coz’ 2 years back it was $2.7/gallon :(
Having said all of this, what’s coming is scary!!
@Reema
Thanks for your visit!
@RJ
ah hmm.. too much of Nova in here :P
that’s still lot cheaper dude! :)
@San – It’s cheaper compared to??? If you are saying India it’s really not a good comparison coz’ of the traffic, cars, roads are not the similar conditions!
Hey didnt expect to read so many facts and figures from your blog….. I guess there was a lunch time discussion about oil prices at office :-)))
P.S. I really dont know what I am doing reading your blog – atleast you get one more hit…
*whew*
worked hard on that one didn’t you mr. engineer?
Especially the data and all!
Great!
and the oil saga continues. Indeed where are we going? Not to mention the effect on the environment where I consider ski Dubai as the LEAST green ski resort in the world!! Have fun..
Simon
@RJ
you got it
@Raghav
Not very much… i didn’t have to do much calculations or analysis as the facts were very evident :)
@Simon
Yup, see what money can get you… Skiing in desert!
@Guess Who
Don’t use the fake mail id to comment here.. you’ve quit dude remember that.. don’t ever drop out and come back if you get to talk with horse :D
there was no lunch talk about that.. these guys have gone for wedding.. you know who’s :)
@Guess who
don’t use data i’ve compiled in this post in any of your case studies :D ;)
if you can’t stop the urge of doing that, you know my account number.. transfer all your foreign currency at the present value to my account :D :D
Oil prices are rising because the only currency it can be bought with for the last 35 years, the Dollar, is dropping like a rock. Thus it is not that oil is becoming more valuable or scarce, but that the Dollar is on its way to toilet-paper status.
You are correct in that there is a perceived ‘depletion’ problem, a.k.a. Peak Oil, which based on the false premise of ‘fossil fuels’, a geological relic of a theory from 1757. Oil is actually abiotic and in very great supply. As well, global demand has been down due to the U.S. recession which is entering its 3rd year or so.
‘Peak Oil’ is a fraud, as is another ‘crisis’ which you mentioned, ‘man-made Global Warming’. Both myths work in tandem, and are propagated by by the powers-that-be as a means to expand global government control over everyone’s lives.
Oil research here:
http://www.davesweb.cnchost.com/nwsltr52.html
The ‘Green Agenda’ here:
http://green-agenda.com/index.html
welcome back :)
too many facts n figures !
:) but i hate these prices going over the roof,they r causing complete imbalance in the economy
n dude! such a long post !
@Scott
Thanks for your comments.. it’s not just the drop in dollar that’s causing the rise of oil though that was the case few months earlier.. but now dollar seems to be regaining and stabilizing.
@Megs
thanx
A Google News search of the phrase ‘stabilized Dollar’ for the past seven days yields 268 results, with headlines describing a mish-mash of economic and political activities – almost none of them related to oil and commodities prices.
A Google News search of the phrase ‘falling dollar’ for the past seven days yields over 22,000 results. And a review of the first 5 pages of listings shows headlines describing a Dollar that continues to fall to this very day, and its direct affect on oil prices, and every other commodity on the market.
I did a further search of ‘Dollar Gains’ which yields over 18,000 headlines in the past week. And most of the headlines describe a slightly gaining dollar and coinciding lower oil and commodities prices. It is clear that the primary factor in crude oil prices is the value of the Dollar.
“Is it really the excess usage of non-renewable source of energy causing its depletion or a mere speculation using the threat of depleting resources for their ulterior motives? Really hard to say, but i tend to go with the latter.”
I agree with you 100%.
“About 80% of the world’s readily accessible reserves are located in the Middle East with 62.5% coming from 5 Arab countries…”
While most of the accessible oil is in the Middle East, there are many locations that have opened up (thanks to new technology) in the last decade. When gas cost $1.25/gallon it wasn’t worth the cost of developing these finds. However, with gas at $4 a gallon it makes economic sense to drill and open up these new oil reserves and bring them to the market.
My guess is that gas will remain high for another 3-5 years as new supplies come on line and then we will see a significant drop back down to around $2/gallon- maybe less.
BTW, what will happen to these new towering creations when the world is less dependent on the oil of the Middle East?
Hey, san is back and with the first post after so many days to freak us out! :P
Good post san! and welcome back! :)
Wow just because you put figures in a report doesn’t make it valid. dubais’ GDP from oil is only 6%. it’s not oil money that is building Ski Dubai et al.
@fromdubai or whatever! – The biggies in your country have already know the fact that oil is your saver for economy! Other than oil there is nothing the Gulf countries can rely on for financial growth.
By bulding these magnimous projects Dubai would attract tourists and in return a stable economy growth. So in 10 years you can see placards promoting dubai tourism.
~frommind
@Scott
Hey that’s a lot of good info you’ve compiled… but if only dollar is depreciating then why would the pinch of higher priced oil be felt in other countries? do you wish to say it is not pinching other countries with stronger currency?
@totaltransformation
That is a very valid and good point.
When the world is less dependent, as RJ has pointed out they would be promoting tourism :)
@Sakhi
haha.. freaked you out eh?
Thanks for visiting :)
@fromdubai
may be it is 6%.. you can see it go further less when the tourism gets better as RJ said.
@RJ
Great point dude.. totally agree with you!
hehehhehee :) Seriously man… initially after reading the first few comments, I was wondering if I am on my blog or urs :P heheheh just kidding… felt like replying prematurely… still in the process of reading ur blog… will get back with my comments soon!
Hmmm…
What you have written here makes sense…
However, like i mentioned in my blog post, the reason for hike does not matter to me. My concern was purely environmental, not political at all! Hope you got that correct now!
@Nova
Yes ma’am i got that.. thanks for your precious visit! :D :)
Sandeep, the only currency that can be used to buy crude oil worldwide is the U.S. Dollar; it has been that way since 1973. Thus whenever the Dollar falls in value, crude oil price is automatically pushed up for all buyers in all countries. The dollar is essentially ‘pegged’ to crude oil, as it used to be ‘pegged’ to gold until 1973.
There are now markets to purchase crude oil with Euros and basket currencies, but they are limited in scope compared to the U.S. Dollar crude oil market.
Here’s a little history of the Dollar/Oil relationship:
http://www.house.gov/paul/congrec/congrec2006/cr021506.htm
The rise in oil price has absolutely nothing to do with supply and demand.
Scott,
You’ve quite an insight to oil trade. nice article that.
Thanks for sharing your views.
Hey! Welcome back!
Checked your blog TODAY…How Ignorant can i get?! Duh!
NIce post!
No comments further cause i am fed up of rising prices….
I see very few using any alternatives,if there are any Reliable ones..
hey thanks bhavna :)
@San – I thought this would be your reply to Bhav!
That’s no problem Bhavna , your visit means more than comment ;)
:D :P
Once again Rotsheld risks to wake up tied without paints, his children robbed poisoned and they would even be forced to prove that they are his children. Who is that freak? Where is my own father and where is his property and finances? I was treated in a very similair way. I also was robbed, forced to be at line of poorness. One and the same scheme was used. Is my own father so bad man? Or someone owed him very much? May be many people became trustees of my inherited assets, and yet used to think my inheritage theres? Where is my own father? And where are his assets and money? For such a complex operation with my finances they must have had someone’s help and support. Who helped them? Who devided and took my money?
I am the daughter of the man,whose face is identical to Joann Paul II. In Italy he is known as Tata Giovanni (Father Giovanni) .He lived in Rome and worked in the USA. I lived with adopting family in Yekaterinburg in the place of killing Royal Romanov family. Why? Who from my own family is a queen? My own grandmother? Or what does it means? Address was Moskowskaya street 9-31. In Moskovskaya street 9-20 lives Hussein family with daughter Aleksandra. My real name is Anna-Kristina-Aleksandra. What does it means? Who fined that information?Who really have aggression against Muslims countries and against Iraq and Hussein? I know that my own grandfather Naum was Muslims friend. And when he invest his money in Russia he took gold as financial guarantee. May be in Iraq and near Hussein my enemies searching that gold? I know that everything my relatives had they left as inheritage to me. I need to find, who has management of it in his hands, and which is the state of property and assets. I don,t know how my identity could be hidden, because I have unique right leg, which was disfigured from birth. This is my unique sign, nobody could be mistaken normally in my identification. Business of my own grandfather was oil and gas, casino and hotels of Las-Vegas. Own father too. During 10 years I was under strong financial pressing. And lived with my younger son for 60 dollars per month. Who became a manager and do that? Since October of 2001 till 2007 all the force of repressing machine was put on us. I have savage fascism in Lithuania in my own flat and in my own life and life of my son. We came out of there on our four. We have total control. Causes – multi billion assets in-heritage from my own relatives. Since 1993 year I was pressed financially at first, I lives with my son and we have 60-100$ for month. And even it is well known that a person is dead without money, my attackers didn’t stop – since 2001 year I had seven savage attacks on me on a territory of Lithuania – was poisoned with HCl, toxicoids,I was systematically trivially beaten, I had a traffic accident – was hit by a car on the pedestrians on green light for me, poisoned with hallucinogens and with my son pushed out to bogs in winter, where we have spent 3 nights. Those attacks started 3 weeks after twin-towers in the USA were ruined. They were ruined in 11.09.2001. I was born in 11.06 – month of twins-Gemini. More, the only citizen of Lithuania died in that crush, who was constantly living and working in the USA in twin-towers Jelena-Helen Gavriushina-Melnichenko – her mother was director of the school my children got education. Director of the school Gavriushina was born 6th of June. I have a friend in my childhood. Vladimir Vladimirovich Gaper. He was born 6th of June. Who is that friend? Everybody knows one Vladimir Vladimirovich, but he wasn’t born at the 6th of June. Putin is a friend of Kerkorian? Who is that my friend born 6th of June? I found that one. In the USA in Las Vegas. Kerkor Kerkorian. After reading his biography I saw that his owned MGM hotel, casino blown 21.11.1980. Interesting, that all those digits are digits of mine and my children’s dates of birth. More, even ID’s are the same. That friend was my own father’s and own grandfather’s manager? Why then the property wasn’t returned to me? Interesting that Bill Clinton had a nickname fly. After exact translating to Russian this mean to fly – as a pilot, a flyer. Manager was a pilot, a flyer. Why Bill Clinton, you ask?If bill – is billion, who clean’t billions then? Do you remember what is Bill Clinton wife’s name? Hillary Clinton. What is hillary clinton? Hi-Larry-Cleaner. Hello, Larisa who got in fly and cleaned… understand, yes? Monica Lewinski came into cabinet in White House at 28 of february 1997. Adopting family’s son Sergey Lopatinskiy was born 28 of February. Who knows what does it mean? In 10 June of 2006 in Diana,s Spencer family house resident of Russian special services Aleksandr Lebedev organized a meeting to memorize death of Raisa Gorbacheva. Michail,s Gorbachev wife died 20 09 1999. But 11.06.2006 I celebrated my 50 anniversary. It means all the strange recollecting organized just before my birthday. Why? How it is connected with the fact that 9 months before Raisa Gorbacheva died, 20.12.1998 died Jevgenij Bondarenko-son of Natalia Bondarenko who became also Lopatinska,ja after getting married with my adopting brother. It is she who is used to get my money without me to agree nor accept. Who helped her? Bush, Primakov visiting Lithuania they organized “accidental” meetings with me and my son. First used his security officers, second by himself. 11.03.2008 Poland visited Hosni Said Mubarak. 14.03.2008 we were proposed to leave Poland. We were getting by auto-stop in Italy. As well as we arrived to Italy, to Italy came Putin, who visited Poland and came to Berlusconi.Some years ago Berlusconi became Prime Minister 11.06.2001.In my birthday. What does it means? They have my money and business? They robbed me? They were so poor that needed my finances and my incomes? We live with son at street wearing some floor clothes. Was my father such a bad person? Is he blackmailed in such a way? Where is he now? Multiple applying to Silvio Berlusconi does nothing. What could be this person whom in my childhood I know as Silvia in Italy – my “mother” with wig and with man,s cigarettes, and which I must find if I need a defense and help? I know that part of finances former soviet agents transferred to someone in England. Queen Elizabeth and her husband visited to Lithuania (16.10.2006-18.10.2006)Jan Paul II became Pope in Rome 16.10.78. What Elizabeth and her husband need from me? After theres visit 21.10.2006 Hubertas Grusnys was killed, he was owner of radio stations and Lithuanian millionaire, whose radio Lietus a week before told about poisoning with toxicoids me and my son in our flat. In Lithuania for my financing and living my own father gave 10% shares of AO LUKOIL company to the oil company AB MAZEIKU NAFTA. For my financing in Lithuania responsible A.Brazauskas, B.Lubys (as everybody know Mr. Lubys is a friend of Mr. Nazarbajev), G.Chapanidze, V.Shkil. Mr. G.Chapanidze is in jail since 1996-1997. I was not financed at all. And didn,t ask nobody to sale or to present my finances or shares to anybody. I know that there are most of assets, which didn’t get in hands of those who robbed me. May be Mr. Alekperov knows what does it mean? In 19.8.1995 in Omsk died someone Ivan (Jan,Giovanni, Ioann) Lickevich. Do you know what does Lickevich means in polish? This is translated as calculate. What and whom calculated Lickevich?Ivan Lickevich was the director of the Omsk oil rafinery. In 3.7.2000 died with his son Gediminas Kesus.They are killed both. Gediminas Kesus was the director of the Mazeiku oil rafinery.When he was killed in Lithuanian newspapers was published information – some documents Gediminas Kesus put into some England bank. What the documents it was? Who started to kill the directors of oil rafineries and started putting the money into his own pockets? My money.In such way Lukoil go for another hands.Rats hands.
Another savage attack against me began 20.10.2002 – 23.10.2002. In 23.10.2002 – 26.10.2002 there was Nord-Ost in Moscow. My son and I had the same diagnosis as victims of Nord-Ost. Who do it? I have personal individual characteristic by which I can be easily identified – my right leg was disfigured while my mother was pregnant, and I was born with unique diagnosis. After many specific medical operations, my leg became passport, which couldn,t be forged. I demand to change my managers and carers, and I look for a country which could accept me and defend me.
I need you help.
Once again Rotsheld risks to wake up tied without paints, his children robbed poisoned and they would even be forced to prove that they are his children. Who is that freak? Where is my own father and where is his property and finances? I was treated in a very similair way. I also was robbed, forced to be at line of poorness. One and the same scheme was used. Is my own father so bad man? Or someone owed him very much? May be many people became trustees of my inherited assets, and yet used to think my inheritage theres? Where is my own father? And where are his assets and money? For such a complex operation with my finances they must have had someone’s help and support. Who helped them? Who devided and took my money?
I am the daughter of the man,whose face is identical to Joann Paul II. In Italy he is known as Tata Giovanni (Father Giovanni) .He lived in Rome and worked in the USA. I lived with adopting family in Yekaterinburg in the place of killing Royal Romanov family. Why? Who from my own family is a queen? My own grandmother? Or what does it means? Address was Moskowskaya street 9-31. In Moskovskaya street 9-20 lives Hussein family with daughter Aleksandra. My real name is Anna-Kristina-Aleksandra. What does it means? Who fined that information?Who really have aggression against Muslims countries and against Iraq and Hussein? I know that my own grandfather Naum was Muslims friend. And when he invest his money in Russia he took gold as financial guarantee. May be in Iraq and near Hussein my enemies searching that gold? I know that everything my relatives had they left as inheritage to me. I need to find, who has management of it in his hands, and which is the state of property and assets. I don,t know how my identity could be hidden, because I have unique right leg, which was disfigured from birth. This is my unique sign, nobody could be mistaken normally in my identification. Business of my own grandfather was oil and gas, casino and hotels of Las-Vegas. Own father too. During 10 years I was under strong financial pressing. And lived with my younger son for 60 dollars per month. Who became a manager and do that? Since October of 2001 till 2007 all the force of repressing machine was put on us. I have savage fascism in Lithuania in my own flat and in my own life and life of my son. We came out of there on our four. We have total control. Causes – multi billion assets in-heritage from my own relatives. Since 1993 year I was pressed financially at first, I lives with my son and we have 60-100$ for month. And even it is well known that a person is dead without money, my attackers didn’t stop – since 2001 year I had seven savage attacks on me on a territory of Lithuania – was poisoned with HCl, toxicoids,I was systematically trivially beaten, I had a traffic accident – was hit by a car on the pedestrians on green light for me, poisoned with hallucinogens and with my son pushed out to bogs in winter, where we have spent 3 nights. Those attacks started 3 weeks after twin-towers in the USA were ruined. They were ruined in 11.09.2001. I was born in 11.06 – month of twins-Gemini. More, the only citizen of Lithuania died in that crush, who was constantly living and working in the USA in twin-towers Jelena-Helen Gavriushina-Melnichenko – her mother was director of the school my children got education. Director of the school Gavriushina was born 6th of June. I have a friend in my childhood. Vladimir Vladimirovich Gaper. He was born 6th of June. Who is that friend? Everybody knows one Vladimir Vladimirovich, but he wasn’t born at the 6th of June. Putin is a friend of Kerkorian? Who is that my friend born 6th of June? I found that one. In the USA in Las Vegas. Kerkor Kerkorian. After reading his biography I saw that his owned MGM hotel, casino blown 21.11.1980. Interesting, that all those digits are digits of mine and my children’s dates of birth. More, even ID’s are the same. That friend was my own father’s and own grandfather’s manager? Why then the property wasn’t returned to me? Interesting that Bill Clinton had a nickname fly. After exact translating to Russian this mean to fly – as a pilot, a flyer. Manager was a pilot, a flyer. Why Bill Clinton, you ask?If bill – is billion, who clean’t billions then? Do you remember what is Bill Clinton wife’s name? Hillary Clinton. What is hillary clinton? Hi-Larry-Cleaner. Hello, Larisa who got in fly and cleaned… understand, yes? Monica Lewinski came into cabinet in White House at 28 of february 1997. Adopting family’s son Sergey Lopatinskiy was born 28 of February. Who knows what does it mean? In 10 June of 2006 in Diana,s Spencer family house resident of Russian special services Aleksandr Lebedev organized a meeting to memorize death of Raisa Gorbacheva. Michail,s Gorbachev wife died 20 09 1999. But 11.06.2006 I celebrated my 50 anniversary. It means all the strange recollecting organized just before my birthday. Why? How it is connected with the fact that 9 months before Raisa Gorbacheva died, 20.12.1998 died Jevgenij Bondarenko-son of Natalia Bondarenko who became also Lopatinska,ja after getting married with my adopting brother. It is she who is used to get my money without me to agree nor accept. Who helped her? Bush, Primakov visiting Lithuania they organized “accidental” meetings with me and my son. First used his security officers, second by himself. 11.03.2008 Poland visited Hosni Said Mubarak. 14.03.2008 we were proposed to leave Poland. We were getting by auto-stop in Italy. As well as we arrived to Italy, to Italy came Putin, who visited Poland and came to Berlusconi.Some years ago Berlusconi became Prime Minister 11.06.2001.In my birthday. What does it means? They have my money and business? They robbed me? They were so poor that needed my finances and my incomes? We live with son at street wearing some floor clothes. Was my father such a bad person? Is he blackmailed in such a way? Where is he now? Multiple applying to Silvio Berlusconi does nothing. What could be this person whom in my childhood I know as Silvia in Italy – my “mother” with wig and with man,s cigarettes, and which I must find if I need a defense and help? I know that part of finances former soviet agents transferred to someone in England. Queen Elizabeth and her husband visited to Lithuania (16.10.2006-18.10.2006)Jan Paul II became Pope in Rome 16.10.78. What Elizabeth and her husband need from me? After theres visit 21.10.2006 Hubertas Grusnys was killed, he was owner of radio stations and Lithuanian millionaire, whose radio Lietus a week before told about poisoning with toxicoids me and my son in our flat. In Lithuania for my financing and living my own father gave 10% shares of AO LUKOIL company to the oil company AB MAZEIKU NAFTA. For my financing in Lithuania responsible A.Brazauskas, B.Lubys (as everybody know Mr. Lubys is a friend of Mr. Nazarbajev), G.Chapanidze, V.Shkil. Mr. G.Chapanidze is in jail since 1996-1997. I was not financed at all. And didn,t ask nobody to sale or to present my finances or shares to anybody. I know that there are most of assets, which didn’t get in hands of those who robbed me. May be Mr. Alekperov knows what does it mean? In 19.8.1995 in Omsk died someone Ivan (Jan,Giovanni, Ioann) Lickevich. Do you know what does Lickevich means in polish? This is translated as calculate. What and whom calculated Lickevich?Ivan Lickevich was the director of the Omsk oil rafinery. In 3.7.2000 died with his son Gediminas Kesus.They are killed both. Gediminas Kesus was the director of the Mazeiku oil rafinery.When he was killed in Lithuanian newspapers was published information – some documents Gediminas Kesus put into some England bank. What the documents it was? Who started to kill the directors of oil rafineries and started putting the money into his own pockets? My money.In such way Lukoil go for another hands.Rats hands.
Another savage attack against me began 20.10.2002 – 23.10.2002. In 23.10.2002 – 26.10.2002 there was Nord-Ost in Moscow. My son and I had the same diagnosis as victims of Nord-Ost. Who do it? I have personal individual characteristic by which I can be easily identified – my right leg was disfigured while my mother was pregnant, and I was born with unique diagnosis. After many specific medical operations, my leg became passport, which couldn,t be forged. I demand to change my managers and carers, and I look for a country which could accept me and defend me.
The Truth About Crude Oil
First Crude Oil is NOT from Dino the Dinosaur or his brothers. Logically speaking if the earth was covered with a dense primeval forest and there was a Dinosaur living in every five square mile area on the face of the earth, and all this was compressed into a sub surface space for tens of thousands of years, and produced a pool of Crude Oil, it WOULD ONLY FEED the needs of this world for the PAST twenty years, so WHAT FUELED the Industrial Age for the first EIGHTY YEARS???????????????????????????
Think about what is stated above! Science states that oil is the by product of the earths ENGINE as it rotates creating GRAVITY and super heating rock formations, that through this process release oil and this oil flows into cavities within the earth.
Now with this said, what is the reason for the excessive spike in Crude and Natural Gas prices? GREED.
In the 60’s gas sold for 35 cents a gallon, cars got 5 to 7 MPG so a 100 mile trip would take some 16 gallons at a cost of 5 dollars. Today cars get 30 miles to a gallon and that same trip would only take 3 gallons of gas at a cost of 12 dollars. Take into account the LOSS OF VALUE of the FRN and you will see that BIG OIL is KEEPING ITS bottom line HIGH as the efficiency of the engines increase.
There was a contrived oil crisis in the 70’s and there is one today. Why? It is the GREED of BIG OIL! It takes less than 20 dollars to get oil out of the ground and refined into its product and delivered. It takes from 6 months to a year for a well from the day the drill head starts the hole until it produce oil. The Russians can do it in three mounts. Today’s wells exceed 6000 barrels a day, and one off shore platform can have over 20 SLANT WELL HEADS producing oil 24 hours a day.
The United States of America is sitting on the worlds largest coal reserves; it also has more crude oil than the Middle East. Recent finds in Montana exceed what is found in Saudi Arabia, and Pennsylvania has over 3 trillion cubic feet of Natural Gas yet to be pumped into the system. Alaska has extensive reserves yet CONGRESS has for years REFUSED to allow the release of this oil, because of RED TAPE and that they are under the control of ENVIRONMENTALIST groups. These groups want all Americans to ride bikes and live as the settlers did in the 1800. Congress continues to LIE regarding the time it takes to drill a well and get the oil into the system. They state that it would be ten years before wells drilled today could produce oil. This is a BOLD FACE LIE. Congress has prohibited drilling for the past two decades, if what they say is true and if they allowed drilling decades ago we would NOT HAVE FOUR DOLLAR A GALLON GAS PRICES, and HOME HEATING OIL WOULD NOT BE OVER FOUR DOLLARS A GALLON, THAT WILL CAUSE A HEATING CRISIS THIS WINTER, and SOME AMERICAN MAY FREEZE TO DEATH FOR LACK OF HEAT. CONGRESS IS TO BLAME IF THIS OCCURS.
Today’s advances in drilling insure a protected environment. The WILD CAT wells of the early 1900 are a thing of the past.
Environmentalist claim that the exhaust of power plants create TONS of CO2, HOWEVER, CO2 is a GAS and is measured in cubic feet NOT TONS. The advance scrubbing of the exhausts prevent most hydrocarbons from being suspended in the atmosphere. Most ALL the reasons given by environmentalist are not science, but an agenda to deprive Americans of their standard of living.
For MORE INFORMATION of the Truth About Big Oil visit
http://www.ilm-efx.5u.com/photo4.html
You Will Be Amazed, and make sure you click on the link GLOBAL WARMING and read what the ENVIRONMENTALIST do not want you to know about NON GLOBAL WARMING BY MAN.
i’m becoming afraid of the future with every passing day… Greed has no end and can make a man dance according to its whims and fantasies… we, poor consumers are left with nothing but a set of stats to gape at and expensive fuel to run our engines, while the producers enjoy over 50% profit and enjoy in a pool filled by the common man’s tears… worse, blood… :(
@harshasrisri
aww.. ya true :)
thanks for visiting!
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